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Fort Myers - Cape Coral area Lee County
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Old 10-13-2009, 09:36 AM
 
20 posts, read 65,684 times
Reputation: 11

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I found a 1/4 acre lot on E 25st and Louis ave (near Abbott ave)really cheap. Is it worth holding onto, say ten years or more. Just as an investment. thanks
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Old 10-13-2009, 09:37 AM
 
Location: Lehigh Acres
1,777 posts, read 4,859,160 times
Reputation: 891
how cheap is really cheap? you can buy unimproved land next to occupied houses for less than 8k
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Old 10-13-2009, 09:39 AM
 
20 posts, read 65,684 times
Reputation: 11
under $3000
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Old 10-13-2009, 09:48 AM
 
Location: Lehigh Acres
1,777 posts, read 4,859,160 times
Reputation: 891
yessir, worth it

especially if it has palmettos growing on it... decent soil
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Old 10-13-2009, 09:54 AM
 
20 posts, read 65,684 times
Reputation: 11
I guess I will buy it but I'm in new york. Owner seems nice
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Old 10-13-2009, 10:10 AM
 
Location: Lehigh Acres
1,777 posts, read 4,859,160 times
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want someone to go look at it? give me the physical address and i can check it out for ya
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Old 10-15-2009, 01:58 PM
 
Location: Fort Myers FL/ Ottawa ON
1,210 posts, read 3,283,678 times
Reputation: 494
check for a lien against the land
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Old 10-15-2009, 07:41 PM
 
Location: The Conterminous United States
22,584 posts, read 54,280,916 times
Reputation: 13615
It was suppose to be a great investment in the 1950s. Fifty years passed before the developers really started to build, and even then, it didn't take off, and that was in the middle of an enormous housing boom in swFlorida.

Lehigh Acres has always been the last resort in Lee County. It was the place to go when you couldn't afford anything else.

Here's the thing. It's on the other side of I-75. It is a long drive to get to Fort Myers Beach. There is still plenty of land on the west side of the highway. Heck, Cape Coral and Estero have lots of room left. And lets not forget all the empty houses that are over there, let alone the staggering amount of homes in Lehigh, many of them never lived in before.

Will it never take off? Never say never. But in ten years? I would be surprised.
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Old 10-15-2009, 09:57 PM
 
Location: on the edge of Sanity
14,268 posts, read 18,931,918 times
Reputation: 7982
Quote:
Originally Posted by hiknapster View Post
Lehigh Acres has always been the last resort in Lee County. It was the place to go when you couldn't afford anything else.
I agree. Be careful and check zoning laws, etc. In 10 years it might end up costing you more than you paid for it. OTOH nobody can predict the future. However, when something is very cheap, always ask yourself "Why is it such a good deal?"
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Old 10-16-2009, 06:46 AM
 
Location: Lehigh Acres
1,777 posts, read 4,859,160 times
Reputation: 891
nancy, because there is TONS of vacant lots in LA
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